Waitr acquires ‘Bite Squad’ for $321 million, expanding footprint to 500 cities, 22 states

Weeks after becoming a public company, Louisiana-based food delivery startup Waitr is doubling its footprint with the $321 million acquisition of Bite Squad in Minneapolis in a deal that will put Waitr in more than 500 cities in 22 states.

As of Sept. 30, Waitr was in 235 cities with over 7,700 restaurant partners in nine states across the Southeast, while Bite Squad is in more than 300 cities with more than 11,000 restaurants throughout 18 states. The two companies overlap in just five states.

The deal was announced Wednesday by Waitr Holdings Inc., its third and largest acquisition since being founded in Lake Charles in 2013, and the first since it began trading on the Nasdaq stock exchange last month.

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